Another bullish investment opinion:
Research Investment Group
Announces Investment Opinion on Omicron Technologies
Business Editors
NOTE TO EDITORS: The following is an investment opinion issued by
Research Investment Group
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Aug. 3, 1999--
Research Investment Group Announces Investment Opinion on Omicron
Technologies (OTC BB:OGPS) with a 3 month price target of $5.00 a
share
Special Marketing Exposure Report: August 3, 1999
Omicron has acquired the revolutionary APS digital imaging
technology (developed by NASA), and is designing / developing consumer
products for a rapidly-growing, multi-billion dollar market !!
OGPS also offers investors a play on Internet gambling - the
company's first online casino is about to begin operations !!
Omicron is also developing a full-service financial information
website that will offer free, real-time quotes on all US & Canadian
stocks!!
Omicron's management believes that opportunities for rapid growth
lie in bringing new technologies to market as popular consumer
products. The company's website (http://www.omicrontechnologies.com)
has a wealth of information on the technical aspects of OGPS business
lines.
OMICRON's ACTIVE PIXEL SENSOR (APS) TECHNOLOGY
On October 16, 1998, Omicron entered into a joint venture with
ViaSpace Technologies LLC to develop new imaging systems based on
Active Pixel Sensor (APS) technology. OGPS owns 40% of the JV, and has
a first right of refusal to acquire an additional 40% interest in the
technology.
Developed by NASA's Jet Propulsion Laboratory (JPL) and CalTech,
the APS technology is a light-gathering system or "eye" that utilizes
amplified pixels or picture elements in a semiconductor chip. This
technology allows for the miniaturization of a full-motion video
camera to the size of a microchip!
Presently, most electronic imaging products are based on a sensor
technology known as charge-coupled devices (CCD), which was developed
by Bell Labs in the late 1960s. Basically, CCD's operate an array of
cells, with each cell representing a picture element or pixel that
converts light into an electrical charge of varying intensity. CCD's
work well, but are difficult to produce and consume a good deal of
power. APS technology, on the other hand, contains an amplifier in
each pixel - the net result being superior performance, with greatly
reduced power consumption, thereby facilitating miniaturization.
APS digital imaging systems are smaller, have superior video
imaging capabilities, cost about one-fifth as much as existing CCD's,
while using 100x less power than CCD products (imagine a camcorder
battery that lasts for a week between charges, rather than just an
hour or so), Other features of APS include the capability for wireless
transmission of real-time video over distances of up to one kilometer,
and significantly higher image and sound quality.
THE MARKET FOR CMOS APS TECHNOLOGY
The InStat Group estimates that the digital imaging chip market
is growing by 60% annually, and could be a US$20+ billion dollar
market by 2002. Peripheral Insight estimates that the potential market
for digital imaging chips will be 100 million units in the year 2002.
OMICRON's INTERNET GAMBLING VENTURES & GRAND OPENING OF LUCKY EIGHT
CASINO
Omicron Technologies, Inc. (OTC BB: OGPS) has launched its Lucky
Eight Casino and Sports Betting Web site at
luckyeightcasino.com. Visitors to this new site can now
play authentic Pai Gow Poker as well as 21 other machine and table
games including Java versions of Blackjack, Slots, Video Poker and
Caribbean Stud. Lucky Eight Casino can be accessed in Chinese,
Japanese, English, Spanish, French, Italian, Portuguese and German.
The Web site will soon be accessible in Korean, Cantonese and
Mandarin.
The Lucky Eight Casino was designed with the assistance of a
positive energy flow or "Feng Shui" consultant to target the Chinese
speaking communities in Hong Kong, Mainland China, Singapore, Malaysia
and those in many other countries. "Lucky Eight" is based on popular
Chinese numerology in which the number eight is associated with
"prosperity and fortune". Omicron has initiated an extensive marketing
campaign for this new site with DS Communications Group. They will be
providing software and product localization services specializing in
major Asian languages as part of Omicron's marketing campaign. Lucky
Eight is the first of many online casinos developed to target various
market niches worldwide.
Many industry experts perceive the Asian market as "an untapped
gold mine" in the online gaming industry. Internet use in the Asia
Pacific Region is estimated at 30 million users for 1998, and growing
exponentially by over 300% per year. Macromedia estimates current
Internet users in China at 5 million. Computer Economics Inc. projects
that by 2005, China will have 37.3 million Internet users, second only
in usage to the United States. Furthermore, total gambling turnover in
Asia is the highest in the world, surpassing $600 billion USD in 1997.
The 1998 Casino and Gaming Business Market Research Handbook predicts
that the worldwide Internet gaming market could reach $100 billion USD
in annual revenues by 2005.
Lucky Eight Casino's projected revenues, after a sustained
marketing campaign, are expected to exceed $200,000 per month. Omicron
plans to develop ten unique, targeted, theme-based casinos within the
next year that should generate revenues exceeding $24 million per
year. Combined with its estimated online bingo revenues of $26
million, Omicron expects to generate total revenues in excess of $50
million in 2000 from its casino and bingo operations.
LUCKY EIGHT CASINO - On June 10th, Omicron Technologies announced
the impending launch of the Lucky Eight Casino, targeting the Chinese
speaking communities in Hong Kong, Mainland China, Singapore,
Malaysia; the site will also be available in Japanese, Korean and five
other languages. The Lucky Eight Casino website is intended for use by
Asian web browsers and operating systems.
Many industry experts perceive the Asian market as "an untapped
gold mine" for online gaming, with an estimated five million Internet
users in China. Computer Economics Inc. projects that by 2005, China
will have 37.3 million Internet users, second only in usage to the
United States. More importantly, total gambling turnover in Asia is
the highest in the world, surpassing US$600 billion in 1997.
OGPS projects that the Lucky Eight Casino website will begin
generating earnings within 90 days of start-up; income to Omicron will
be based on a percentage of the total net revenues generated, reaching
75% when total monthly net revenues are over US$1,000,000.
ONLINE GAMING SOFTWARE ACQUISITIONS - The Lucky Eight Casino
announcements were followed by a joint venture agreement with Double
Mastery, Ltd, a private Nevis, West Indies corporation on June 29th.
Double Mastery and Omicron will each own 50% of the joint venture
company, which will license the premier turn-key Internet gaming
software available to those interested in entering the online gaming
industry. Each licensee would be supplied with a customized,
full-service Internet gaming system, including virtual casino games
and sports betting. Customers would be able to place wagers via a
secure, online financial transaction system.
The gaming technology will be licensed to independent operators
in exchange for a percentage of the net revenues generated by their
casino websites. The joint venture expects to license over 50 casino
websites within the next six months generating in excess of US$10
million in total revenues and over US$1 million in pre-tax income to
Omicron.
On July 6th, OGPS acquired Cyberweb Systems Inc., a private
company specializing in Internet gaming software development.
Cyberweb's programming and systems expertise complement the
development and operations of Omicron's "Lucky Eight Casino"
(particularly their online contact directory for Asian businesses and
individuals). In addition to its focus on Internet gaming software
development, Cyberweb also hosts and designs websites; the company is
currently hosting fifteen websites and has the hardware capabilities
to host thousands of websites.
As part of the acquisition, Omicron also gains control of a new,
full-service financial information website developed by Cyberweb. This
site, which Omicron will bring on line very shortly, will include free
real-time quotes on all US & Canadian stocks, Java charting, COMTEX
news and a free portfolio tracking system that will send an email when
a stock price reaches a high or low parameter set by an investor.
With the addition of Cyberweb, Omicron is strategically
positioned to expand its worldwide gaming and Internet-based business
through software and website development.
MAJOR BACKING FOR OGPS
NATIONAL CAPITAL MERCHANT GROUP
On July 15th, Omicron announced that it had entered into a
financial consulting services agreement with National Capital Merchant
Group, Ltd. ("NCMG"); NCMG will provide Omicron with advisory services
regarding investment banking & capital sources, mergers &
acquisitions, capital structures, financial transactions,
broker/dealer & institutional investor relations, and reporting &
disclosure.
The NCMG agreement is a significant accomplishment for Omicron,
and will benefit the company in many ways!
First and foremost, NCMG is a well-capitalized fund that
structures direct equity investments, mezzanine financing, or
commercial lending. The NCMG fund was established to provide debt or
equity financing to micro-cap or small-cap companies such as Omicron;
NCMG will become a strategic partner of OGPS, and be very involved in
the company's future development and growth.
We believe that Omicron's association with NCMG and the National
Capital group of companies virtually assures OGPS' success in
completing a significant equity financing(s) in the near future.
As an active Omicron market maker, National Capital will strive
to ensure an orderly liquid market for OGPS shares. NCMG will also
work within its nationwide network of broker/dealer and investment
banking firms to promote Omicron as an attractive emerging growth
company investment opportunity.
Lastly, NCMG and its Fast Track SEC Reporting Program will assist
Omicron in preparing the necessary documentation to become a fully
reporting company; OGPS expects to file its registration statement in
August.
We believe that Omicron offers investors a ground floor
opportunity to participate in two new, high growth industries -
digital imaging and Internet gambling. Each of OGPS' business lines
are capable of driving the stock to much higher levels
CAPITAL STRUCTURE & TRADING RANGE (as of July 14, 1999)
Issued & Outstanding (fully-diluted): 24.17 million shares
Est'd Float: 2 million shares
1999 Trading Range: US$0.47 (low) US$7.50 (high)
Current Bid & Ask: US$1 5/8th X US$1 3/4
DISCLAIMER
Research Investment Group is not a Registered Investment Advisor
or a Broker/Dealer. Research Investment Group has independently
prepared this report, drawing upon a range of public news and
information sources. This report reflects opinions from Omicron
Technologies, Inc. (the "Company"). Readers are advised that this
report is issued solely for information purposes and is not to be
construed as an offer to sell or the solicitation of an offer to buy.
The opinions and analysis included herein are based on sources
believed to be reliable and in good faith but no representation or
warranty, expressed or implied, is made as to their accuracy,
completeness or correctness. This information is not intended to be
used as the sole basis of any investment decisions, nor should it be
construed as advice designed to meet the investment needs of any
particular investor. The foregoing discussion contains forward-looking
statements that are based on current expectations and differences can
be expected.
The information contained herein has been provided by the Company
(OGPS) to Research Investment Group for information purposes only; in
addition, the information contained in this report is not intended to
be a complete discussion of information regarding some of the current
and/or intended business activities of the Company. Readers are urged
to consult with independent financial advisors with respect to an
investment in the shares mentioned herein. Investors should review a
complete information package on the Company which should include, but
not be limited to, the Company's annual report, quarterly report,
press releases, as well as all regulatory filings. All information
contained in this report should be independently verified with the
Company mentioned herein. Any opinions expressed in this report are
statements of judgment as of the date of publication (14 July 1999)
and are subject to change without further notice, and may not
necessarily be reprinted in future publications or elsewhere. Neither
Research Investment Group nor its officers, directors, partners or
employees / consultants accept no liability whatsoever for any direct
or consequential loss arising from any use of this report or its
contents.
In order to be in full compliance with the Securities Act of
1933, Section 17(b), Research Investment Group advises the readers of
this document that it has received a fee of 25,000 free-trading common
shares of Omicron Technologies as compensation for its efforts in
researching, writing and presenting the information contained herein.
Prior to Research Investment Group issuing this report, the Company
reviewed and approved the contents hereof. Research Investment Group,
its officers, directors, partners and employees / consultants may
profit in the event the shares of the Company increase in value. These
positions may be liquidated from time to time even after Research
Investment GROUP, its officers, directors, partners and employees /
consultants have made positive comments on the Company.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE
DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN
SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. We
encourage U.S. readers to review the investing information available
with the Securities and Exchange Commission ("SEC") at
sec.gov and/or the National Association of Securities
Dealers ("NASD") at nasdr.com The NASD has published
information on how to invest carefully at its website. Omicron
Technologies is not yet a fully-reporting company with the SEC. The
process is expected to be completed later this year, at which time,
readers can review public filings (including financial information at
the SEC's EDGAR page freeedgar.com.
--30--nmb/mi*
CONTACT: Omicron Technologies
Gary Robinson or Rick Klassen - Investor Relations
Toll-Free: 877/903 - 2288
E-mail: info@omicrontechnologies.com
Web sites:
omicrontechnologies.com
4value.com
market-infocom.com
thesubway.com
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